智通财经APP获悉，2026年1月27日当天，阿里巴巴-W(09988)、腾讯控股(00700)、中国移动(00941)位 居沪港通（南向）成交额前3位，成交额分别为47.26 亿元、33.88 亿元、26.36 亿元；阿里巴巴- W(09988)、腾讯控股(00700)、中芯国际(00981) 位居深港通（南向）成交额前3位，成交额分别为26.74 亿元、22.74 亿元、17.09 亿元。 沪港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 47.26 亿元 | -5722.86 万元 | | 腾讯控股(00700) | 33.88 亿元 | +8.69 亿元 | | 中国移动(00941) | 26.36 亿元 | -15.93 亿元 | | 中芯国际(00981) | 21.01 亿元 | -8599.30 万元 | | 中国人寿(02628) | 17.21 亿元 | +5.11 亿元 | | 紫金矿业(02899) | 15.60 亿元 | -6.66 亿元 | | 小米集团-W(01810) | ...

Group 1 - Southbound funds recorded a net sell of HKD 635 million in Hong Kong stocks for the third consecutive day [1] - Notable net purchases included Tencent Holdings at HKD 1.024 billion, China Life at HKD 511 million, and Longi Green Energy at HKD 354 million [1] - Significant net sales were observed in China Mobile at HKD 1.147 billion, Zijin Mining at HKD 842 million, and Alibaba-W at HKD 401 million [1] Group 2 - Southbound funds have net bought China National Offshore Oil Corporation (CNOOC) for five consecutive days, totaling HKD 1.40858 billion [1] - Tencent has seen net purchases for three consecutive days, amounting to HKD 2.27903 billion [1] - China Mobile has experienced net sales for 17 consecutive days, totaling HKD 14.04003 billion [1]

智通财经APP获悉，1月27日港股市场，北水成交净卖出6.35亿港元，其中港股通(沪)成交净卖出13.74亿港元，港股通(深)成交净买入7.39亿港元。 北水净买入最多的个股是腾讯(00700)、中国人寿(02628)、长飞光纤光缆(06869)。北水净卖出最多的个股是中国移动(00941)、紫金矿业(02899)、盈富基金 (02800)。 | 十大成交活躍證券 | | | | | | --- | --- | --- | --- | --- | | 排名 | 股票代碼 | 名稱 | 買入金額 (HKD) | 賣出金額 (HKD) | | 1 | 09988 | 阿里巴巴 - W | 2.334.368.700 | 2,391,597. | | 2 | 00700 | 騰訊控股 | 2,128,731,950 | 1,259,649, | | 3 | 00941 | 中國移動 | 521,496,700 | 2,114,277, | | র্ব | 00981 | 中芯國際 | 1,007,532,750 | 1,093,525, | | 5 | 02628 | 中國人壽 | 1,116,347,980 | ...

智通财经APP获悉，1月27日港股市场，北水成交净卖出6.35亿港元，其中港股通(沪)成交净卖出13.74亿港元，港股通(深)成交净买入7.39亿港元。 北水净买入最多的个股是腾讯(00700)、中国人寿(02628)、长飞光纤光缆(06869)。北水净卖出最多的个股是中国移动(00941)、紫金矿业(02899)、盈富基金 (02800)。 | 排名 | | 名稱 | 買入金額 (HKD) | 賣出金額 (HKD) | | --- | --- | --- | --- | --- | | 1 | 09988 | 阿里巴巴 - W | 2.334.368.700 | 2,391,597, | | 2 | 00700 | 騰訊控股 | 2,128,731,950 | 1,259,649, | | 3 | 00941 | 中國移動 | 521,496,700 | 2,114,277, | | র্ব | 00981 | 中芯國際 | 1,007,532,750 | 1,093,525, | | 5 | 02628 | 中國人壽 | 1,116,347,980 | 605,049, | | ଚ | 02899 | 紫 ...

(本文来自第一财经) 南向资金今日净卖出6.35亿港元，中国移动、紫金矿业、中芯国际分别遭净卖出11.47亿港元、8.43亿港 元、5.53亿港元。净买入方面，腾讯控股、中国人寿、长飞光纤光缆净买入额位列前三，分别获净买入 10.24亿港元、5.11亿港元、3.55亿港元。 ...

新华社香港1月27日电 香港恒生指数27日涨361.43点，涨幅1.35%，收报27126.95点。全日主板成交 2543.73亿港元。 国企指数涨97.67点，收报9244.88点，涨幅1.07%。恒生科技指数涨28.73点，收报5754.72点，涨幅 0.5%。 中资金融股方面，中国银行涨0.89%，收报4.51港元；建设银行涨1.44%，收报7.77港元；工商银行 涨1.92%，收报6.36港元；中国平安涨2.35%，收报69.7港元；中国人寿涨5.97%，收报34.1港元。 石油石化股方面，中国石油化工股份无升跌，收报5.26港元；中国石油股份涨0.92%，收报8.81港 元；中国海洋石油涨0.77%，收报23.52港元。 【纠错】 【责任编辑:邱丽芳】 蓝筹股方面，腾讯控股涨1.25%，收报607港元；香港交易所涨1.75%，收报430.4港元；中国移动跌 0.38%，收报78.5港元；汇丰控股涨2.67%，收报134.5港元。 香港本地股方面，长实集团涨0.22%，收报45.46港元；新鸿基地产涨1.18%，收报120.4港元；恒基 地产跌0.2%，收报30.24港元。 ...

Group 1: Dividend Strategy Outlook for 2026 - The dividend strategy in 2025 significantly underperformed the market, primarily due to the emergence of new growth sectors like AI, which shifted market focus from dividend yield (d) to growth rate (g) from 2022 to mid-2024[2] - For 2026, the core judgment on whether dividend strategies can achieve excess returns hinges on whether the market continues to prioritize marginal changes in fundamentals[2] - With a low macro risk environment for AI investments and a recovery in corporate earnings expected, the focus may remain on growth rates rather than dividend yields, making excess returns from dividend strategies unlikely[2] Group 2: A-Shares vs. Hong Kong Stocks - Since April 2024, Hong Kong's low-volatility dividend index has outperformed A-shares by 49%, driven mainly by the industrial, financial, and energy sectors[3] - Despite the higher dividend yield of Hong Kong stocks, the PE valuation levels are now comparable to A-shares, indicating limited room for further convergence[3] - The relative performance of Hong Kong stocks is attributed more to stock selection rather than industry allocation, with financials, energy, and industrials contributing the most to excess returns[3] Group 3: Constructing the 2026 Dividend Portfolio - The 2026 dividend strategy should focus on sectors benefiting from AI investment, manufacturing recovery, and domestic consumption recovery, with traditional manufacturing and resource sectors expected to have the broadest benefits[3] - A scoring system combining payout ratios and stability with profitability metrics (ROE) is proposed to optimize sector allocation for dividends[3] - Recommended sectors for increased allocation include insurance, textile manufacturing, and logistics, while sectors with high potential but lower success rates, like banks and construction, should be considered for long-term investment[3]

Group 1 - The "AI China Year: National Style New Year Celebration" cultural creation and dissemination activity was officially launched on January 26, coinciding with the Lunar New Year [1][3] - The event is guided by the Central Propaganda Department's Literary and Art Bureau and hosted by China Mobile Migu Company, focusing on promoting national style culture through AI technology [3] - Migu Music introduced three major New Year greeting methods: "AI Singer," "AI Hometown Dialect Greetings," and "AI 3D Figurines," covering themes of national style music, Spring Festival customs, and intangible cultural heritage [3] Group 2 - Migu's chairman, Shen Wenhai, emphasized the integration of national style culture with popular art through advanced technologies, aiming to enhance the cultural supply for the New Year and innovate the celebration experience [3] - The "AI Singer" feature allows users to create personalized national style music videos by uploading photos and voices, while "AI Hometown Dialect Greetings" enables users to send local dialect blessings [3] - The "AI 3D Figurines" transform New Year greetings into collectible cultural symbols, allowing users to create personalized trendy figurines for the celebration [3] Group 3 - The online performance of Peking Opera was launched in collaboration with the National Peking Opera Company, aiming to develop an AI intelligent experience for audiences to generate their own Peking Opera segments [5] - Six classic Peking Opera performances were made available in a "Peking Opera Performance Zone" on Migu Video and Migu Music [5] - A memorandum of cooperation was signed between Indonesia's Empire Film, Migu Music, and China Mobile International's Indonesia branch to deepen collaboration in quality digital content and technological innovation services [7]

一问红利：2026 年是否会有超额？ 2025 年红利策略大幅跑输市场，最核心的原因在于市场找到了新的能够突破宏观趋势的成长性：以 AI 产业投资为代 表，以及景气度也开始逐步扩散到与 AI 强相关的"泛 AI"领域。所以市场的定价驱动力从 2022 年至 2024 年上半年 的股息率 d 逐步开始重新转向增长率 g。展望 2026 年，红利策略是否会有相较于全 A 的超额收益，核心判断还是在于 市场是否依旧以基本面的边际变化作为核心驱动力？基于我们年度策略《世界的中国》对于 2026 年的基本面展望， 在 AI 投资宏观风险较低、降息周期下全球制造业景气度向上的背景下，2026 年中国的企业盈利修复可能是股票市场 的核心驱动力，会有更多的行业景气度出现改善。在这种宏观背景下，我们认为投资者可能还是会更加关注基本面的 边际变化（增长率）而非股息率。所以 2026 年红利策略似乎很难获取超额收益。但这并不意味着红利策略不重要， 因为它依旧是很多投资者构建投资组合的压舱石和降低组合波动的重要工具：一方面，A 股权益资产内部红利资产的 估值水平最低，波动率也相对较低；另一方面，与主要城市二手住宅租金回报、10 年期 ...

Group 1 - The State Intellectual Property Office of China granted a patent titled "Object Recommendation Method and Device, Electronic Equipment and Storage Medium" to China Mobile (Suzhou) Software Technology Co., Ltd. and China Mobile Communications Group Co., Ltd. The patent authorization announcement number is CN115687743B, with an application date of July 2021 [1] - China Mobile (Suzhou) Software Technology Co., Ltd. was established in 2014 and is located in Suzhou. The company primarily engages in software and information technology services, with a registered capital of 3.172 billion RMB. It has participated in 5,000 bidding projects, holds 112 trademark records, and has 2,687 patents, along with 28 administrative licenses [1] - China Mobile Communications Group Co., Ltd. was founded in 1999 and is based in Beijing. The company focuses on telecommunications, broadcasting, and satellite transmission services, with a registered capital of 30 billion RMB. It has invested in 54 companies, participated in 5,000 bidding projects, holds 2,212 trademark records, and has 5,000 patents, in addition to 50 administrative licenses [1]